
2025 end of year message
As we approach the end of 2025, Barb Zvan, UPP’s President and CEO, reflects on a year of purpose and progress for UPP.
The Joint Sponsors have launched the search for UPP’s next Board Chair as the Plan’s inaugural Chair, Gale Rubenstein, approaches the completion of her planned seven-year term. This transition marks the culmination of a period defined by strong leadership, principled governance, and deep commitment to the Plan’s founding and growth.
In an interview on the Stanford Research Initiative on Long-Term Investing’s Don’t Get Fired Podcast, UPP Chief Investment Officer Aaron Bennett reflected on the unique experience of building a modern Canadian pension plan from the ground up, and shared insights on what sets UPP apart in Canada’s pension landscape.

As we approach the end of 2025, Barb Zvan, UPP’s President and CEO, reflects on a year of purpose and progress for UPP.

UPP has been recognized as one of Greater Toronto’s Top Employers for 2026 by Mediacorp. This annual competition celebrates organizations whose workplace culture, total rewards programs and forward-thinking policies set them apart.

UPP remains focused on advancing our Climate Action Plan (CAP), which targets net-zero portfolio emissions by 2040 or sooner.

UPP is increasing the UPP portion of pensions in pay by 1.49% on January 1, 2026.

This represents a significant advancement for retirement security and a meaningful step toward expanding access to defined benefit pensions across the province.

UPP’s Barbara Zvan has been named the 2025 CEO of the Year by the Ontario Chamber of Commerce (OCC) as part of its annual Ontario Business Achievement Awards (OBAAs), which celebrate leadership, innovation, and impact across Ontario’s business community.
We are always looking for ways to improve your experience. Please tell us about your experience below.
Your responses will be kept confidential. To protect your privacy, please do not enter your account or personal information.
Customize your experience through accessibility adjustments